Welcome to Metaverse Market Analysis! Every Monday, we bring you the latest stats and data on the state of the Metaverse market. In partnership with the incredible team from OneLand, a financial platform for virtual LANDs in the Metaverse, this column brings the OneLand Metaverse Market Analysis stats for Nov 13 – 19.
OneLand 7D data shows aggregate LAND market cap for our 10 listed projects last week down 1.27% to 661,169 ETH (-1.01% to $1.33b).
Last week was a more stable week in the overall crypto & NFT markets. Volumes were down, however not in certain metaverse LANDs.
Sales figures & trading volume soared 287% & 217% respectively with a midweek sell-off at HYTOPIA, likely not unrelated to the project dispelling rumours of a move away from Web3. The result: HYTOPIA experienced its first 7D drop in its LAND cap (-6.01%) in 3mths (in which time its LAND cap has risen 49.6%).
Decentraland (-6.8%) shed over 9k ETH in LANDs cap, as it retains its focus on features and live events, like the current DCL Music Festival, a contrast to The Sandbox strategy of virtual LAND “sales” and games.
Smaller metaverse projects, in terms of virtual real estate caps, also saw heightened trading last week.
More hype about Somnium Space’s VR headset led to a barrage of end-of-week trades, 7D sales & volume booming 283% and 356% respectively.
While at Treeverse, 6.21 ETH of trading volume on Sunday rounded out a week that saw the game’s top LAND sale in 6mths, with the average price now up 118% in the past month. Indeed, a closer look at Treeverse data reveals a pattern emerging, with groups of traders seemingly getting busy once outside of the Mon-Fri 9-5 grind.
The average price of an Otherdeed was up 31.71% this week on the back of 4 trades that ranged in price from 13.3 to 15 ETH. It helped maintain a bigger 7D trading volume, while helping Otherside’s land market cap stay north of 340k ETH.
Things appear to be warming up at Otherside, with Otherdeed prices on the rise.
For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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